Loan Processing

Loan processing is the series of steps a lender takes to evaluate a borrower’s application for credit. It begins when a borrower submits their application along with necessary documents, like income and credit history. The lender then verifies this information, assesses the borrower’s ability to repay, and checks their credit score. After thorough analysis, the lender decides whether to approve or deny the loan. If approved, the terms are finalized, and funds are disbursed. Overall, loan processing ensures that lenders make informed decisions while helping borrowers access the funds they need responsibly.